Which of the following is not consistent with perfect competition? a.Workers are unique and bargain individually for

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Which of the following is not consistent with perfect competition?

a.Workers are unique and bargain individually for their wages.

b.Labor demand is determined by real wages and the marginal product of labor.

c.The marginal product of labor is diminishing.

d.Workers have no influence on their wages but accept them as given.

e.Firms cannot determine the price of the goods they sell.

Posted Date: Jun 25, 2024 09:02 AM

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Which of the following is not consistent with perfect competition? a.Workers are unique and bargain individually for

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